Investing is an act of optimism. The greater threat for our economy is the damage that has been done to business confidence. Pessimists don't invest.
The Reserve Bank's action says things are now more dire than they were during the Global Financial Crisis. This is in contrast to the buzz from the Beehive which is: 'Don't worry, be happy'!
The claims process is an opportunistic attempt by Maori interests to gain control of what was previously regarded as public space for the benefit of everyone. I have no doubt the end goal is to securing a perpetual income stream from the granting of use rights to third parties.
Fairness has been talked about a lot lately, by the government. It appears to be justifying everything by saying "it's the fair thing to do". Fairness has replaced housing affordability as the primary justification for the government wanting to introduce a capital gains tax
This really points to the absurdity of the KiwiBuild scheme. It will not help a low income household at all - even “cost” price is too great, so those who are not on a wage on a par with a student doctor and IT expert will have to continue to rent and pay more as rents rise, thanks to all of the new rental-housing related regulations that the Government is bringing in
Last week the Tax Working Group published its interim report on its recommended changes to the tax system. The 196 page report makes no firm recommendations but it discards a number of matters raised in the discussion paper and gives strong indications of what is likely to be included in the final report which is due in February.
A strong and growing economy is the real story behind the Coalition Government's 2018 Budget. This is very evident from the Time Series of Fiscal and Economic Indicators which projects Gross Domestic Product to grow $17 billion in the year ended 30 June 2018, from $274 billion last year to $291 billion.
Those who expect the Working Group to produce a comprehensive and impartial review of our tax system will be disappointed. It's not that kind of project. The Group's role is to provide options within the government’s agenda.